Career Search

Sunday, January 15, 2017

Mutual Fund Nomination

 
Make Mutual Fund Nomination Online



While making an investment in a mutual fund, an investor can nominate a person to whom the mutual funds will be transferred on his or her demise.
 
1. What is nomination in a mutual fund?

Nomination is the process of appointing a per son to take care of your assets in the event of your death. You can appoint a nominee for your mutual fund scheme or for your demat account, in case you hold MFs in your demat account. A nominee can be any per son -a family member or a friend or any other person you trust. You need to choose a nomi nee with care as the per son needs to be reliable enough to take care of your assets in the event of your death.

2. How do you make a nomination in a mutual fund?

When you invest in a MF, there would be a space in the form, for nominee details. Non-individuals including societys, trusts, corporate bodies, Kartas of hindu undi vided family (HUF), holder of the power of attorney are unelgible to nominate . Only one person can be appointed as a nominee.

Nomination for joint holders is permitted, however in the event of death of any of the hold ers, the benefits will be transmitted to the sur viving holder's name. In the case of death of all holders the benefits will be transmitted to the nominee's account.

3. Can an investor make multiple nominations?

Yes, an investor has an option to register up to three nominee in a folio and specify the percentage of the amount for each nominee. However, if the percentage is not specified, equal shares will go to each nominee.

4. What are the benefits of registering a nomination?

When a nomination is regis tered, it will facilitate easy transfer of funds to the nominee(s) in the event of the demise of the investor. However, in the absence of a nominee, a claimant would have to produce a host of documents like a will, legal heir certificate, no-objection certificate from other legal heirs etc. to get the units transferred in hisher name.

5. Can I change my nominee once heshe is appointed?

The nominee can be changed anytime when you wish to do the same.

-----------------------------------------------
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saver Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

-----------------------------------------------

No comments: